Palm oil is a form of edible vegetable oil obtained from the fruit ofthe Oil palm tree. The oil palm is a tropical palm tree originally fromWest Africa. Palm kernel oil made from the seeds is used as cookingoil, to make margarine and is a component of some processed foods. Palmoil is high in olefins, a potentially valuable chemical group that canbe processed into many non-food products as well. Palm oil has thelargest slice of the world vegetable oil market - 28%, followed bysoybean oil. 50% of world palm-oil production comes from Malaysia.World palm oil trade totals $13 Billion